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Good morning from the Financial Times. Today is Thursday, May 8th. And this is your FT News briefing.

Some U.S. export controls are going away. And we look at why Pakistan can't afford another conflict with India.

Plus, Doordash's deal to acquire deliveroo has people concerned about the UK market.

Alarm bell should be ringing for the London Stock Exchange.

Some of the best tech companies that have done absolutely nothing wrong,

and yet they're still being acquired by bigger US competitors.

I'm Mark Filipino, and here's the news you need to start your day. The U.S. is scrapping Biden-era export controls on artificial intelligence

chips that's according to a U.S. official. This move comes as the Trump administration is taking a more lenient approach to AI regulation.

The rules were supposed to make it harder for Chinese companies to circumvent U.S. export controls

by accessing them through third countries.

But the Commerce Department argued that the rules were full of red tape that made

them unenforceable. It was a good bet that chip companies are going to like the rollback. Shares

and NVIDIA jumped 3% on the news.

Pakistan has promised to retaliate after India launched a series of airstrikes earlier this week.

That was in response to a terrorist attack in Indian-controlled Kashmir in late April.

Now, the possibility of a wider military conflict between the nuclear-armed neighbors

...